TDI Commissioner's Bulletin B-140
Affirmative insurance request new jersey savings and loans mortgages
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B-140
BULLETIN NO. 140
March 29, 1973
To:
ALL TITLE INSURANCE COMPANIES LICENSED TO DO BUSINESS IN THE STATE OF TEXAS, AND ALL AGENTS THEREOF
Re:
AFFIRMATIVE INSURANCE REQUEST NEW JERSEY SAVINGS AND LOANS MORTGAGES
We have been asked if it is permissible for a Texas Title Insurer or its Agent to make the following certification:
"This policy insures that the mortgage set forth herein is a valid first mortgage lien on the above mentioned premises in accordance with the definition contained in N.J.S.A. 17:12B-11 of the Savings and Loan Act."
We are of the opinion that it is
not
permissible for a Texas Title Insurer or its Agent to provide this certification.
/s/ Ira M. Goodrich
IRA M. GOODRICH
Director of Title Insurance
IMG:vl
For more information, contact:
ChiefClerk@tdi.texas.gov